 Blake Moret |
Rockwell Automation is using Joele Frank, Wilkinson Brimmer Katcher as it rejects an unsolicited $28B takeover bid by Emerson, the St. Louis-based industrial/residential products giant.
After consulting with financial and legal advisors, Rockwell’s board unanimously decided that Emerson’s $200 per-share offer of stock/cash was not in the best interest of shareholders.
CEO Blake Moret said the board is confident that his management’s strategic direction and ability will deliver superior levels of growth and value creation.
Emerson confirmed the private offer made to the Milwaukee-headquartered company and said it “remains a disciplined acquirer and will only pursue transactions that are in the best interests of its shareholders.”
JF’s Barrett Golden, Jamie Moser and Scott Bisang rep Rockwell.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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